Equities research analysts expect that The Rubicon Project Inc (NYSE:RUBI) will post $38.76 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for The Rubicon Project’s earnings, with the highest sales estimate coming in at $38.82 million and the lowest estimate coming in at $38.70 million. The Rubicon Project posted sales of $29.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The company is expected to announce its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that The Rubicon Project will report full year sales of $156.75 million for the current financial year, with estimates ranging from $156.39 million to $157.10 million. For the next year, analysts expect that the business will report sales of $178.05 million, with estimates ranging from $175.10 million to $181.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.06. The firm had revenue of $37.87 million for the quarter, compared to analysts’ expectations of $35.65 million. The Rubicon Project had a negative return on equity of 19.85% and a negative net margin of 26.05%.

Separately, Zacks Investment Research cut The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $7.42.

RUBI stock traded up $0.14 during trading hours on Thursday, hitting $9.60. 471,962 shares of the stock were exchanged, compared to its average volume of 762,612. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $513.47 million, a P/E ratio of -11.29 and a beta of 1.67. The company has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $7.22. The Rubicon Project has a 12 month low of $3.00 and a 12 month high of $10.85.

In related news, General Counsel Jonathan Feldman sold 33,485 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.00, for a total value of $334,850.00. Following the transaction, the general counsel now owns 106,369 shares in the company, valued at $1,063,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Addante sold 12,500 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $6.82, for a total value of $85,250.00. Following the completion of the transaction, the director now owns 1,259,819 shares in the company, valued at approximately $8,591,965.58. The disclosure for this sale can be found here. Insiders sold 70,985 shares of company stock worth $652,725 in the last 90 days. 10.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RUBI. Bank of Montreal Can bought a new position in shares of The Rubicon Project in the second quarter worth $25,000. Aperio Group LLC bought a new position in shares of The Rubicon Project in the second quarter worth $48,000. Fox Run Management L.L.C. bought a new position in shares of The Rubicon Project in the second quarter worth $64,000. Marshall Wace North America L.P. acquired a new stake in The Rubicon Project in the second quarter valued at about $65,000. Finally, 361 Capital LLC acquired a new stake in The Rubicon Project in the first quarter valued at about $75,000. Institutional investors own 65.37% of the company’s stock.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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